Garag Chits Private Limited
About Garag Chits Private Limited
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Garag Chits Private Limited is a private limited company based in Garag, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 18 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65990KA2018PTC119607.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sharanappa Junjappa Doddamani and Shiddalingeshwar Shankareppa Kurli.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O S Kurli No. A – 192 Kurli Badavane Bailhongal Road Near Bus Stand, Garag, Karnataka, India – 581105.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.33 Lakh, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹30,147 (net margin 4.8%) and EBITDA of ₹58,497 (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
Company details
Contact details
Garag Chits Private Limited's registered office is in Garag, Karnataka.
- Registered AddressC/O S Kurli No. A – 192 Kurli Badavane Bailhongal Road Near Bus Stand, Garag, Karnataka, India – 581105
- IndustryFinancial Services, Other Financial Intermediation
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Garag Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Garag Chits Private Limited, buy the company report.
Financials of Garag Chits Private Limited
FY 2025 filings availableGarag Chits Private Limited reported revenue of ₹6.33 Lakh (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 39% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹58,497 | ||||
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| Net Profit (PAT) | ₹30,147 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 4.8% | ||||
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To see the full financial statements and ratios of Garag Chits Private Limited, buy the company report.
Board of directors of Garag Chits Private Limited
Garag Chits has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharanappa Junjappa Doddamani | Director | 18 Dec 2018 | 7 Years 10 Months | Current |
| Shiddalingeshwar Shankareppa Kurli | Director | 18 Dec 2018 | 7 Years 10 Months | Current |
| Bharati Rachoteshwar Banagar | Director | 30 Jan 2022 | 4 Years 8 Months | Current |
| Lakshmi Shidlingappa Banagar | Director | 30 Jan 2022 | 4 Years 8 Months | Current |
| Shobha | Director | 30 Jan 2022 | 4 Years 8 Months | Current |
Peer comparison
Garag Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Blackstone Finserv Private Limited | ₹6.37 Lakh (FY 2025) | 151.0% | Rajkot, Gujarat, India | |||
| Ghanavi Finance Private Limited | ₹6.36 Lakh (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| RKG Capital Advisors Private Limited | ₹6.34 Lakh (FY 2025) | 140.0% | Mumbai, Maharashtra, India | |||
| Panchganga Life Consultancy Private Limited | ₹6.34 Lakh (FY 2024) | -52.0% | Pune, Maharashtra, India | |||
| Andoraglobal Private Limited | ₹6.33 Lakh (FY 2024) | Agra, Uttar Pradesh, India | ||||
| Garag Chits Private Limitedthis company | ₹6.33 Lakh (FY 2025) | ₹30,147 | 4.8% | -10.0% | Garag, Karnataka, India | |
| Khushisampark Micro Services Foundation | ₹6.33 Lakh (FY 2024) | 81.0% | Cuttack, Odisha, India | |||
| Aashitha Sales Pvt.Ltd. | ₹6.31 Lakh (FY 2025) | Liluah, West Bengal, India | ||||
| Poli Consultancy Services Private Limited | ₹6.31 Lakh (FY 2025) | -2.0% | Tirupati, Andhra Pradesh, India | |||
| Aanchal Hardwares Private Limited | ₹6.31 Lakh (FY 2025) | -85.0% | Kolkata, West Bengal, India | |||
| Arp Stockbroking Private Limited | ₹6.3 Lakh (FY 2025) | 41.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Garag Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Garag Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garag Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Garag Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Garag Chits Private Limited has 6 board changes on record since 2018: 5 appointments and 1 cessation. The latest: Bharati Rachoteshwar Banagar was appointed as Director on 30 Jan 2022.
Frequently asked questions
Garag Chits is an active private limited company based in Garag, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 18 December 2018 (8+ years old) and is registered under CIN U65990KA2018PTC119607.
Garag Chits has 5 current directors:
- Sharanappa Junjappa Doddamani - Director
- Shiddalingeshwar Shankareppa Kurli - Director
- Bharati Rachoteshwar Banagar - Director
- Lakshmi Shidlingappa Banagar - Director
- Shobha - Director
The latest financial statements of Garag Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Garag Chits is U65990KA2018PTC119607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garag Chits was incorporated on 18 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Garag Chits by revenue are Blackstone Finserv Private Limited, Ghanavi Finance Private Limited, RKG Capital Advisors Private Limited, Panchganga Life Consultancy Private Limited, Andoraglobal Private Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Bharati Rachoteshwar Banagar was appointed as Director on 30 Jan 2022. Kavitha Prabhu Kurli ceased to be Director on 30 Jan 2022. Lakshmi Shidlingappa Banagar was appointed as Director on 30 Jan 2022. Garag Chits has 6 board changes on record in total.
The registered office of Garag Chits is at CO S Kurli No. A – 192 Kurli Badavane Bailhongal Road Near Bus Stand, Garag, Karnataka, India – 581105.
Garag Chits operates in the financial services industry, in the other financial intermediation segment.
Garag Chits can be reached at its registered office: CO S Kurli No. A – 192 Kurli Badavane Bailhongal Road Near Bus Stand, Garag, Karnataka, India – 581105.
Garag Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.